The comparison table above helps you see the total cost of your currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your details and click ‘Get Rates’.
MYR to USD Market Data
Malaysian ringgit (MYR) to US dollar (USD) market data - latest interbank exchange rate, trend, chart & historic rates.
MYR to USD is at 7-day highs near 0.2364, 3.0% above its 3-month average of 0.2296, having traded in a relatively stable 6.8% range from 0.2227 to 0.2378
Is the MYR to USD Exchange Rate Likely to Improve?
Predicting exchange rate movements is always challenging, as they’re influenced by a wide range of economic and geopolitical factors. One useful way to assess the current value of the Malaysian ringgit against the US dollar is to review how the MYR/USD rate has changed over time.
The table below shows the percentage change in the MYR to USD exchange rate across various timeframes—from the past 2 weeks to the last 20 years:
Date
MYR/USD
Change
Period
23 May 2025
0.2364
0% ▼
2 Week
08 Mar 2025
0.2265
4.3% ▲
3 Month
06 Jun 2024
0.2130
10.9% ▲
1 Year
07 Jun 2020
0.2343
0.9% ▲
5 Year
09 Jun 2015
0.2666
11.4% ▼
10 Year
11 Jun 2005
0.2632
10.2% ▼
20 Year
MYR/USD historic rates & change to 06-Jun-2025
#FX Update: USD/MYR drops as US jobless claims hit Oct highs, signaling Fed rate cuts ahead. MYR struggling w/ 24% US tariffs & trade war fears. Analysts watching today's NFP data - weak numbers could push USD lower & MYR to test 4.23 lvl vs recent 4.35 avg
To help you understand the real-world value of the current exchange rate, the table below shows how much Malaysian ringgit are worth in US dollar across a range of amounts.
This gives a quick view of what you’d get when converting different MYR amounts at today’s rate * :
The standard OFX MYR-USD rate is 0.233662, -1.2% from the mid-rate. Visit OFX here to secure the better rate.
As exchange rates can vary
significantly between banks and also between currency exchange providers,
it's therefore important to carefully compare
Malaysian ringgit (MYR) to US dollar (USD) rates from different sources before making a conversion.
The above
Ringgit to Dollar comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
banks and other foreign exchange providers against the latest MYR-USD mid-rate and the possible savings of using various providers.